BBX

According to BBX data, yesterday the global digital infrastructure and cryptocurrency reserve companies welcomed significant developments in capital operations, technology security, and treasury clearing. The core content is as follows:Satsuma shareholders overwhelmingly approved the liquidation of Bitcoin and delisting: Shareholders of Satsuma Technology, the second-largest publicly listed Bitcoin reserve company in the UK, voted with a high approval rate of 90% to approve the sale of all 668 BTC (fair value approximately $43.5 million), return capital to investors, and delist from the London Stock Exchange (LSE). According to the timeline, the company is expected to cancel its listing on September 14, 2026, with fund clearing and CREST transfers to be completed by September 28. The company's Bitcoin treasury strategy lasted less than a year, and its stock price has fallen over 99% from its peak.Ionic Digital received SEC approval for direct listing on July 28: Digital infrastructure company Ionic Digital officially announced that its S-1 registration statement has been formally approved by the U.S. SEC and is expected to begin trading its Class A common stock on the Nasdaq Global Select Market on July 28, with the stock ticker "IOND." This listing will adopt a direct listing model, and the company will not publicly offer any new shares. Ionic Digital's core business focuses on providing next-generation data center solutions for AI and high-performance computing (HPC).Galaxy launches a $5 million "Bitcoin Quantum Readiness Initiative": Digital asset giant Galaxy announced the launch of the "Bitcoin Quantum Readiness Initiative," intending to invest up to $5 million in developer funding to promote the evolution of the Bitcoin network towards quantum attack resistance. The initiative consists of three core components: first, funding the development of post-quantum cryptography (PQC) solutions; second, conducting specialized research on quantum computing and network security by Galaxy Research; third, forming an expert advisory committee to advance academic discussions on the underlying roadmap.

According to BBX data, yesterday global listed companies disclosed the latest official data on cryptocurrency asset reserves and rebalancing dynamics, with the core information as follows:Strive continues to slightly increase holdings on dips: According to the 8-K document submitted by Strive (NASDAQ: $ASST) to the U.S. SEC, the company purchased 21 bitcoins at an average price of approximately $63,221 between July 13 and 17, 2026. As of July 17, Strive has accumulated a total of 19,921 BTC; in addition, its balance sheet holds 505,000 shares of Strategy STRC preferred stock (fair value of approximately $43.07 million) and about $157.4 million in cash, providing ample liquidity reserves.BitMine increased holdings by 7,430 ethers last week: Bitmine Immersion Technologies (NYSE: $BMNR) officially disclosed that the company increased its holdings by 7,430 ETH last week. As of July 19, 2026, its total Ethereum holdings have risen to 5,777,468 ETH, accounting for approximately 4.8% of the total supply of Ethereum across the network. Currently, the total value of cryptocurrencies, cash, and other investment assets held by BitMine has reached approximately $11.5 billion (including $385 million in cash and securities, 207 BTC, $180 million in Beast Industries equity, and a $58 million investment in Eightco Holdings). Among these, the number of staked ethers is 4,917,189 (accounting for 85% of total holdings), with a staked asset value of approximately $9.2 billion, and the expected current annualized staking yield is about $247 million.

According to BBX data, over the weekend, cryptocurrency concept stocks faced two significant substantive events related to publicly listed companies, with the core dynamics as follows:Bitcoin Depot Inc. (Nasdaq: $BTM, bankruptcy proceedings ongoing) completed all executive termination arrangements announced in its Chapter 11 bankruptcy restructuring process on July 17. According to the Form 8-K submitted to the SEC on May 18, 2026 (disclosed under the Worker Adjustment and Retraining Notification Act, WARN Act), the company issued layoff notices to all employees and executives immediately after filing for bankruptcy on May 17, with last Friday being the "expected effective date." Bitcoin Depot is one of the largest Bitcoin ATM operators in the United States (with over 7,000 machines in the U.S. and Canada at its peak), and its bankruptcy is one of the most representative cases of the collapse of a cryptocurrency infrastructure company during the 2026 bear market. The corresponding regulatory background includes: CFPB's enforcement pressure on cryptocurrency ATM service fees, tightening licensing requirements for cryptocurrency ATMs in various states, and a decline in retail cryptocurrency purchase volumes due to the bear market. Meanwhile, industry-wide pressures faced by similar companies providing ATM cash-to-crypto services, such as Coinstar, Coin Cloud, and PaySign, are also intensifying. Documents related to the restructuring process have been made public on the Kroll (claims agent) platform, and creditors can track progress at restructuring.ra.kroll.com/bitcoindepot.SoFi Technologies, Inc. (NASDAQ: $SOFI), as the only stablecoin directly issued by a U.S. national bank regulated by the OCC (SoFi Bank, N.A.), launched SoFiUSD on May 27. Over the weekend (July 18), it became the most direct regulatory test subject under the new framework as the deadline for the GENIUS Act regulatory agency's Customer Identification Program (CIP) rules approached. Regulators must finalize the CIP rules for the GENIUS Act by July 18, clarifying which stablecoin issuers can legally operate in the U.S. and the BSA/AML standards they must meet; there is a risk that the complete rule text may not be produced on time (there is a risk of delay), but even partial clarification of the framework will have a direct impact on SoFiUSD. SoFi's advantage lies in the fact that, as an issuer holding an OCC national bank charter, SoFiUSD falls under the category of "federally chartered stablecoin" in the GENIUS Act classification system, theoretically eligible for the most favorable regulatory treatment; Q1 2026 cryptocurrency trading revenue was $121.6 million, with a net income of approximately $852,000 after deducting costs in the cryptocurrency division. The stablecoin business is still in the early stages of strategic layout, with limited revenue contribution in the short term, but the establishment of the regulatory framework will determine the mid-term commercialization path.